Release date: 12 December 2018
Promoter – Financial IntermediaryLIGHTSMITH GROUP LLC
The project consists of an investment fund financing climate change adaptation and climate-resilience solutions promoted by private companies in or for the benefit of develloping countries. The investment is made under the Luxembourg-EIB Climate Finance Platform trust fund.
The fund aims to provide growth equity to private companies - especially in the African, Caribbean and Pacific group of States (ACP) - developing climate change adaptation and climate-resilience solutions, particularly for the benefit of developing countries and their vulnerable populations and livelihoods. The Fund, domiciled in Luxembourg, has a target size of USD 250m and is managed by Lightsmith Resilience Partners.
- Services - Financial and insurance activities
Proposed EIB finance (Approximate amount)
EUR 5 million
Total cost (Approximate amount)
EUR 220 million
The fund's operational guidelines will provide for environmental and social due diligence of investee companies according to guidelines acceptable to the Bank.
Approved - 26/03/2019
Before financing approval by the Board of Directors, and before loan signature, projects are under appraisal and negotiation. The data provided on this page is therefore indicative and cannot be considered to represent official EIB policy (see also the Explanatory notes).